Question: You are comparing two different options associated with a 30-year mortgage. The first option is an interest rate a 3.5% with 2 points due

You are comparing two different options associated with a 30-year mortgage. The

You are comparing two different options associated with a 30-year mortgage. The first option is an interest rate a 3.5% with 2 points due at closing and the second option is an interest rate of 4.00% with no points due at closing. What is the marginal cost of borrowing associated with the second option if you expect the loan to be repaid after 60 months?

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